2023-11-24 06:15:00 ET
Artificial intelligence (AI) can improve the growth prospects of many industries. One function that it can help with in particular is data analysis, and that can aid virtually any type of business.
A company at the center of both data analysis and AI is Palantir Technologies (NYSE: PLTR) . Its phone has been ringing off the hook with companies interested in how AI can help enhance their products and services through Palantir's AI platform (AIP). As a result, shares of the tech stock are through the roof this year. Has this become the best AI stock for investors to own?
One stock that has been synonymous with AI and growth this year has been Nvidia , which makes AI chips. But it has been losing steam of late. Over the past six months, shares of Nvidia are up 54%, while Palantir's stock has risen by 68%.
For further details see:
Has Palantir Become the Best AI Stock to Buy?